Red 5 has sold the Siana gold project in the Philippines to TVI Resource Development for $US19 million ($26.2 million) due to its focus on gold developments in Australia.
Decade-high thermal coal prices drive New Hope
New Hope Group chief executive officer Reinhold Schmidt has credited rising Newcastle 6000 Index coal prices for pushing the company into a stronger financial position.
Santos to create $21bn company with Oil Search
Santos and Oil Search have confirmed they will merge to create a $21 billion entity that will sustain both companies in the wake of a low carbon future.
Gold Road weathers plant troubles to deliver dividend
Gold Road Resources has managed a barrage of processing plant issues at the Gruyere gold joint venture in Western Australia to achieve $129.6 million in revenues during the first half of 2021.
Mincor raises $60 million to fund nickel exploration
Mincor Resources has completed a $60 million placement to fund an exploration ramp-up at its Golden Mile nickel asset and construction of accommodation at the Cassini nickel mine, both in Western Australia.
Mastermyne secures Pybar takeover
Mastermyne Group has agreed to acquire Pybar Mining Services to enhance its exposure to the hard rock mining services market.
Mineral Resources offloads $328 million Pilbara Minerals interest
Mineral Resources has sold its 5.4 per cent stake of Pilbara Minerals in an effort to focus on its hard-rock lithium and iron ore assets.
AIC scoops up copper mine in North QLD
AIC Mines has agreed to buy the Eloise copper mine in North Queensland from FMR Investments for $27 million, transforming the explorer into a producer.
BHP headstrong on Noront acquisition
BHP remains confident that its C$325 million ($350 million) takeover bid to acquire Noront Resources is stronger than the offer made by Andrew Forrest’s Wyloo Metals on Monday.
IGO backs business transformation with record profit
IGO has upped its profits to $549 million for the 2020-21 financial year following the company’s divestment of its Tropicana gold mine interest and successful capital raising.